Industry
Does CFP Board’s Suggested Disclosure For Form ADV Mislead Consumers About Whether Their Advisor Is A Fiduciary?
CFP Board of Standards provides sample language for RIAs to use in Part 2 of their Form ADV that could easily mislead most consumers about a practitioner’s fiduciary obligation. The problem stems from CFP Board’s position in defining when a CFP licensee owes clients a fiduciary duty.
Richard Branson Has Words Of Wisdom If You're Thinking About Going Independent And Starting Your Own Business
If you’re thinking about going independent and starting your own business, you may want to heed advice from Richard Branson about being an entrepreneur.
CFP Board Multimedia Series Sheds Light On When CFPs Are And Are Not Acting As Fiduciaries
CFP Board has posted a series of short multimedia presentations about its standards of conduct that help define the fiduciary obligations of CFP practitioners. The guidance provided in the multimedia presentations on CFP Board’s website by describing specific scenarios about when CFPs are and are not required to act as fiduciaries.
GenSpring, Largest RIA In The Nation, Replaces Its CEO
GenSpring Family Offices, the nation's largest RIA, today announced that Thomas M. Carroll has been named Chief Executive Officer, succeeding Maria Elena (Mel) Lagomasino, who "announced plans to leave the firm," according to a press release.
Earlier this year, A4A reported on widespread defections at Genspring's Phoenix and Denver offices, and that a total of 15 staffers have defected, and 12 of them are said to have moved to a cross-town rival.
New Fidelity Study Shows Advisory Teams Make Significantly More And Manage Almost Twice As Many Assets As Solo Practitioners
A recent survey by Fidelity Investments shows that advisors who are members of teams make significantly more money than those who operate solo.
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- Pershing's Tibergien Cites Pros And Cons Of M&A In Interview With IN's Kelli Cruz
- Wall Street Journal Blogger Refutes CFP Board's Response To His Accusations; Says CFP Board For Years Has Publicly Preached Putting Clients First
- Increased Fees And Greater Efficiencies Drive Growth In The Advisory Industry
